NorthMarq’s Miami office secured $5.1 joint-venture investment for construction of self storage property in Fort Lauderdale, Florida
MIAMI, FLORIDA (March 1, 2019) – NorthMarq’s Miami-based regional office arranged the $5.1 million equity investment for the construction of Poinciana Park Storage, a 108,000 sq. ft. self-storage property located at 1401 SW 1st Avenue in Fort Lauderdale, Florida. The transaction was structured with a 5-year term. NorthMarq arranged financing for the borrower, CH SS Fund Storesafe Fort Lauderdale Poinciana Park LLC, through its relationship with the lender, Crow Holdings.
“We hope this financing deal is the first of many with these clients. The equity financing closed on the land without permits.”
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
